UDA Holdings Berhad (formerly Urban Development Authority of Malaysia) is a Malaysian holding company. It served to launch and oversee urban development projects related to business, industry, and housing. It was also tasked with developing urban infrastructure.Abdullah, Mustaza & Hj. Yahya, MatMarjani (1991). ''Kemahiran Hidup Bersepadu TERAS'', p. 109. Dewan Bahasa dan Pustaka. After 25 years of dedicated service, UDA was incorporated on June 20, 1995, becoming UDA Holdings Sdn Bhd, and later renamed UDA Holdings Berhad in 1999. It was subsequently listed on the Main Board of the Kuala Lumpur Stock Exchange. In 2007, UDA is delisted from the Main Board of Bursa Malaysia and becomes a wholly owned subsidiary of Khazanah Nasional. The following year, Khazanah transfers all UDA shares to the Ministry of Finance Inc.

History

Urban Development Authority of Malaysia (UDA) was established on 12 November 1971 under the Ministry of Public Enterprise. As a government agency, between 1971 and 1979, UDA had developed 118 commercial projects 30 in the Federal Territory, 15 in Terengganu, 14 in Kelantan and 10 each in Perak and Kedah. These projects also include joint ventures with other government agencies such as

MARA Mara or MARA may refer to: Arts and entertainment Fictional characters * Mara (''Doctor Who''), an evil being in two ''Doctor Who'' serials * Mara (She-Ra), fictional characters from the ''She-Ra and the Princesses of Power'' and ''The New Advent ...

, Perkim, FOA and other cooperative societies, and also projects state development corporations particularly in less developed states. These projects have assisted

bumiputra ''Bumiputera'' or ''bumiputra'' ( Jawi: , Native) is a term used in Malaysia to describe Malays, the Orang Asli of Peninsular Malaysia, various indigenous peoples of East Malaysia, and Peranakans. The term is derived from the Sanskrit langu ...

s in business. UDA was also responsible for the Kuala Lumpur comprehensive urban renewal programme in the 1970s and 1980s, which include the 16-storey Cahaya Suria, opened in late 1977,

Puduraya The Pudu Sentral ''(formerly Puduraya Terminal ())'' is the main local service bus station, bus terminus in Kuala Lumpur, Malaysia. It was opened on 2 October 1976. Long-distance buses no longer arrive and leave from Pudu Sentral with these in ...

and Dayabumi. In 1996, it was incorporated and changed its full name to UDA Holdings Sendirian Berhad (UDA Holdings Private Limited). Later in 1999, it changed its status to a public limited company and changed its name to UDA Holdings Berhad."INTRODUCTION"
Retrieved 17 February 2006. It was subsequently publicly listed on the Main Board of the

Kuala Lumpur Stock Exchange Bursa Malaysia (English: Malaysian Bourses or Malaysia Exchange) is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It p ...

(KLSE) on 18 November 1999, being the most active stock on that day.

Real estate and property

Development

UDA develops and reappropriates urban structures as it sees fit. Although this is mainly confined to redeveloping "dilapidated buildings", UDA is also responsible for conservation of historic urban buildings. Several new towns have been developed by UDA, including the Bandar UDA Utama in

Pulai Pulai is a suburban area in the city of Iskandar Puteri, Mukim Pulai, district Johor Bahru, state of Johor, Malaysia Name Pulai was named after Pulai River. Pulai is a species of tree (sp. Alstonia angustiloba). The tree can be found in abunda ...

; Bandar Pauh Jaya in Permatang Pauh;

Tanjung Tokong Tanjong Tokong is a suburb of George Town, Penang, George Town in the States and federal territories of Malaysia, Malaysian state of Penang. It is located at the northeastern coast of Penang Island, northwest of the Central George Town, Penang, ci ...

Penang Penang is a Malaysian state located on the northwest coast of Peninsular Malaysia along the Strait of Malacca. It has two parts: Penang Island, where the capital city, George Town, is located, and Seberang Perai on the Malay Peninsula. Th ...

;

Bandar Baru UDA Bandar Baru UDA is a suburb in Johor Bahru, Johor, Malaysia. It mainly consists of four phases where this townships has developed well and strategically located in the middle of Johor Bahru Town and transportation. The main population of this town ...

Johor Bahru Johor Bahru, abbreviated as JB, is the capital city of the Malaysian state of Johor. It is the core city of Johor Bahru District, Malaysia's second-largest district by population and the second-largest district economy. Covering an area of ...

; Pusat Bandar Tampoi in

, Skudai Kanan in

; and

Bandar Tun Hussein Onn Bandar Tun Hussein Onn is a township in 11th-Mile Cheras (Batu 11 Cheras) in Bangi constituency, Selangor, Malaysia, about 13 km southeast of central Kuala Lumpur and 7.5 km north of Kajang Kajang is a city in Hulu Langat District, ...

Cheras The Chera dynasty ( or Cēra, ), also known as Keralaputra, from the early historic or the Sangam period in Tamil-speaking southern India, ruled over parts of present-day states Kerala and Tamil Nadu. The Cheras, known as one of the mu-ventar ...

Selangor Selangor ( ; ), also known by the Arabic language, Arabic honorific Darul Ehsan, or "Abode of Sincerity", is one of the 13 states of Malaysia. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the e ...

. The development projects of UDA are implemented by its subsidiaries, PNS Development, UDA-Murni Development, UDAPEC, SBBU, and PERUDA Development."BUSINESS ACTIVITIES"
Retrieved 17 February 2006. A joint venture development between UDA, EPF and EcoWorld was announced in 2016 to develop the Bukit Bintang City Centre (BBCC), a fully integrated development located at the former site of

Pudu Jail Pudu Prison (), also known as Pudu Jail or Pudu Gaol, was a prison in Kuala Lumpur, Malaysia. Built in phases by the British colonial government between 1891 and 1895, it was located along Jalan Shaw (now Jalan Hang Tuah). The construction bega ...

, with the project 40% owned by UDA, 40% owned by Eco World Development Group Berhad and 20% owned by EPF.

Maintenance

Properties belonging to or managed by UDA are maintained by its subsidiary companies. These properties include

shopping complex A shopping center in American English, shopping centre in Commonwealth English (see spelling differences), shopping complex, shopping arcade, shopping plaza, or galleria, is a group of shops built together, sometimes under one roof. The fir ...

es and

apartment building An apartment (American English, Canadian English), flat (British English, Indian English, South African English), tenement ( Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) ...

s. UBSB is the subsidiary that handles rental collection, carpark management, building maintenance, security, and other assorted services. City Guards is the subsidiary handling most of the security work, with 212 security personnel and 10 branches guarding 22 premises in the states of

Terengganu Terengganu (; Terengganu Malay: ''Tranung'', formerly spelled Trengganu or Tringganu) is a sultanate and States and federal territories of Malaysia, federal state of Malaysia. The state is also known by its Arabic honorific, ''Dāru l-Iman (c ...

Perak Perak (; Perak Malay: ''Peghok'') is a States and federal territories of Malaysia, state of Malaysia on the west coast of the Malay Peninsula. Perak has land borders with the Malaysian states of Kedah to the north, Penang to the northwest, Kel ...

Johor Johor, also spelled Johore,'' is a States and federal territories of Malaysia, state of Malaysia in the south of the Malay Peninsula. It borders with Pahang, Malacca and Negeri Sembilan to the north. Johor has maritime borders with Singapore ...

and

Negri Sembilan Negeri Sembilan (, Negeri Sembilan Malay: ''Nogoghi Sombilan'', ''Nismilan''), historically spelled as Negri Sembilan, is a state in Malaysia which lies on the western coast of Peninsular Malaysia. It borders Selangor on the north, Pahang in ...

, as well as the Federal Territory of

Kuala Lumpur Kuala Lumpur (KL), officially the Federal Territory of Kuala Lumpur, is the capital city and a Federal Territories of Malaysia, federal territory of Malaysia. It is the largest city in the country, covering an area of with a census population ...

. Other subsidiaries dealing with maintenance are Daya Urus and Pertama Buildings Management.

Tourism and retailing

UDA has recently expanded into the hospitality industry, operating a

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a re ...

and three

resort A resort (North American English) is a self-contained commercial establishment that aims to provide most of a vacationer's needs. This includes food, drink, swimming, accommodation, sports, entertainment and shopping, on the premises. A hotel ...

s in Kuala Lumpur,

Port Dickson Port Dickson (Negeri Sembilan Malay: ), colloquially referred to as PD, is a beach resort in Port Dickson District, Negeri Sembilan, Malaysia. It is the second largest urban area in the state after Seremban, the state capital. The town's admi ...

Kuala Terengganu Kuala Terengganu (; Terengganu Malay language, Terengganu Malay: ''Kole Tranung''), colloquially referred to as KT, is the administrative, economic and royal List of capitals in Malaysia, city of the state of Terengganu, Malaysia. Kuala Tereng ...

, and

Seberang Prai Seberang Perai is a city in the Malaysian state of Penang. Located on the Malay Peninsula and separated from Penang Island by the Penang Strait, it shares borders with Kedah to the north and east and Perak to the south. The city spans an area ...

. These lodgings are run by subsidiaries of UDA as well. UDA has established a chain of retail outlets through a joint venture subsidiary, UDA Ocean. UDA has also ventured into

franchising Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its busines ...

, and has a fashion line named "Bonia".

Business performance

As of February 2006, the most recent full fiscal year for which statistics are available is 2004. In 2004, after-tax profit for UDA was RM17,665,000. Basic earnings per share was 5.61 sen, and shareholders' funds totaled RM1,159,454,000."UHB FINANCIAL RECORDS"
Retrieved 17 February 2006.

Notes and references

External links

Official website

bursamalaysia.com
Company Overview of UDA Holdings Berhad
bloomberg.com {{authority control 1999 establishments in Malaysia Economy of Malaysia Urban development authorities Urban planning in Malaysia Housing in Malaysia Holding companies established in 1999 Malaysian companies established in 1999 Companies formerly listed on Bursa Malaysia Government-owned companies of Malaysia Minister of Finance (Incorporated) (Malaysia) Privately held companies of Malaysia